Retail Buying Bitcoin While Whales Selling
The under is from a current version of the Deep Dive, Bitcoin Journal’s premium markets publication. To be among the many first to obtain these insights and different on-chain bitcoin market evaluation straight to your inbox, subscribe now.
In today’s Daily Dive, we will cover some of the estimated accumulation and distribution trends of whale and retail entities. There’s many different ways to define what makes an entity “retail” or “whale.”
In this analysis, we’re defining retail as the bitcoin supply held by entities under 10 BTC, i.e., that looks at the behavior of any entity holding less than 10 BTC. We’re defining whales as the bitcoin supply held by entities above 10 and below 10,000 BTC. Glassnode’s data science heuristics helps define and determine different entities.